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Hero Motocorp To Increase Price Of Select Motorcycles, Scooters From April 1
The price revision will be around 2 per cent and the exact quantum of increase will vary by specific models and markets
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Hero MotoCorp on Wednesday said it will make an upward revision in the ex-showroom prices of its select motorcycles and scooters, effective from 1 April, 2023.
The company said that the price revision has been necessitated mainly due to cost increases on account of OBD 2 transition.
“Hero MotoCorp will continue to provide innovative financing solutions in order to cushion the impact on the customers,” the company said in a regulatory filing at BSE.
The price revision will be around 2 per cent and the exact quantum of increase will vary by specific models and markets.
The company said that the rural markets have been witnessing an upswing in demand, thanks to the government schemes in the social sector and healthy agricultural outputs.
“This augurs well for the industry as the growth momentum is expected to lead into the upcoming festive season towards the latter half of the fiscal,” the company added.